ANG 0.82% 60.5¢ austin engineering limited

Ann: Trading and FY23 Guidance Update, page-9

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    Good point , Mainetec was suppose to have revenue of $40 M guessing they has at least 10% margin so having to include their contribution to get post tax revenue up to a lowly 17-19 M means that hit from the order delay in this FY is substantially potentially worse than the numbers show .
    Wonder if ANG should have asked for a down payment on the order , or if this indicates the customer is looking at alternative options , does show a reliance on too small a catchment base of customers makes the hit on earnings from just one customer delay a body slam rather than a shoulder tap .
    Last edited by plough: 05/05/23
 
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